|Bid||10.38 x 0|
|Ask||11.06 x 0|
|Day's range||10.92 - 11.05|
|52-week range||8.48 - 11.48|
|Beta (5Y monthly)||0.55|
|PE ratio (TTM)||15.54|
|Forward dividend & yield||0.45 (4.26%)|
|Ex-dividend date||06 Jan 2023|
|1y target est||N/A|
MILAN (Reuters) -Italy's antitrust authority has ordered Spanish utility Iberdrola and Germany's E.ON to reinstate the original electricity and gas contracts they had with customers, it said on Friday. The watchdog also asked Italian utilities Iren and Dolomiti to stop what it alleged to be "illegitimate notices" regarding changes to the economic conditions of their offers. The authority, which opened an inquiry into utilities last week, said that companies must report within five days on the steps they had taken to comply with the precautionary measures.
MADRID (Reuters) -Spanish utility Iberdrola posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall in Spain that the company's chairman partly blamed on government overregulation. Iberdrola reported a net profit of 3.1 billion euros ($3.09 billion) for the January-September period and said geographical diversification allowed it to maximise growth and benefit from positive currency swings. In Spain, however, profit fell by 14% as summer droughts hampered hydroelectric generation, which was almost 48% lower than last year, Iberdrola said.
MADRID (Reuters) -Armando Martinez will become chief executive officer of Iberdrola after Europe's leading power utility opted to separate the positions of executive chairman and CEO as the sector faces a challenging transition towards greener energy. Iberdrola said on Tuesday that following the proposal of the appointments committee, Jose Ignacio Sanchez Galan would stay on as executive chairman of the company. Shares in Iberdrola rose 2.38% by 1456 GMT, while Spain's leading blue-chip index Ibex-35 was up 1.43%.